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Mar 8, 2013
03/13
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i'm not a big believer in the effects of changes in expenditure on government growth. did it when i was in the government, and to be honest i don't think that the policy was particularly successful as we look back on it, and i don't think that the ones that president obama enacted in the early part of his term have been particularly successful, so rolling that back is not going to be significant in terms of economic growth. in the long term, maria, i would say that, you know, this is a move in the right direction. unfortunately, the discretionary spending, as we all know, is a relatively small part of the package. >> right. >> we need to get on the entitlement side and get that in a more rational direction and get some control over that. until we do that we have a significant drag on the economy in the long run. >> you have a president that wants to close loopholes and a congress unwilling to do anything and the gridlock realistically. ask what kind of tax reform we would like to see and what kind of tax reform do you expect to get? >> well, closing loopholes may bring
i'm not a big believer in the effects of changes in expenditure on government growth. did it when i was in the government, and to be honest i don't think that the policy was particularly successful as we look back on it, and i don't think that the ones that president obama enacted in the early part of his term have been particularly successful, so rolling that back is not going to be significant in terms of economic growth. in the long term, maria, i would say that, you know, this is a move in...
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Mar 14, 2013
03/13
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bob pisani, how are changes looking in this rally right now? >> i think the amazing thing, and you're going to talk to jeff sprecher, maria, in a couple of minutes. i want to point out the exchanges are all hitting new highs today. the volume has been light. i.c.e., new high. i think people are starting to understand the synergies there. cboe, that's a new high. they locked up the s&p options contract for at 14 years. they just announced that. that's a big steal. but nasdaq's at a new high as well, cme, chicago merck, also at a new high. virtually all of them. but on stocks, the volumes keep dropping, and that's the primary driver that we're looking at here. so here's your average daily volume, so far. 6.4 billion, for the first quarter of 2013. last period, 6.8 billion. and first quarter of 2012 was lower than the first quarter of 2011. finally, that s&p 500, i want to point out, there's your 12-year chart. this is a triple top. 1565 would be a new historic closing high for the s&p. but we were here in 2007, a little bit below that, and also r
bob pisani, how are changes looking in this rally right now? >> i think the amazing thing, and you're going to talk to jeff sprecher, maria, in a couple of minutes. i want to point out the exchanges are all hitting new highs today. the volume has been light. i.c.e., new high. i think people are starting to understand the synergies there. cboe, that's a new high. they locked up the s&p options contract for at 14 years. they just announced that. that's a big steal. but nasdaq's at a new...
581
581
Mar 6, 2013
03/13
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it is changing the landscape and changing it for the better helping the economy goes. these are great jobs with good benefits in this industry. >> finally, sir, when would be a reasonable time frame to expect margin expansion? >> well, we'll start seeing that. we'll start seeing that this year as new projects come online. we've got startups coming in malaysia and europe and continued rampup of our unconventional positions, the eagleford and the permian base and the bakken and we'll see those margins continue as we expand that growth. it doesn't have to wait. it starts 2013. >> my thanks to ryan lance. we've got 35 minutes before the closing bell sounds for the day. we've got a market up 50% on the dow jones industrial average. new record territory against again. 14,303. >> all we need is a positive close at any point on the dow. google is testing a same-day delivery service with retailers. which stock, amazon or google can deliver bigger profits to your portfolio ahead? >> google is making moves into products like the chromebook laptop and the glasses. the lastin on th
it is changing the landscape and changing it for the better helping the economy goes. these are great jobs with good benefits in this industry. >> finally, sir, when would be a reasonable time frame to expect margin expansion? >> well, we'll start seeing that. we'll start seeing that this year as new projects come online. we've got startups coming in malaysia and europe and continued rampup of our unconventional positions, the eagleford and the permian base and the bakken and we'll...
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147
Mar 1, 2013
03/13
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up 29 right now at 14,084 and change. the old high, all time, is 14,164. nasdaq is up 7 points at 3167. apple has been struggling today, and the s&p right now is up 3.33 at 1517. keep in mind the dow is on pace for its ninth straight gain of a friday meaning it has closed positive every single friday so far in 2013, and it's the first trading day of the month, so finishing in the green can often be a good sign for the entire month. are we grasping at straws here, maria? >> a lot of indicators to look at, and certainly a lot of analysis on what the first two months of gains mean for the rest of the year. let's get right to the closing bell exchanged. joined by brian beleskey and david greenlaw from morgan stanley, david katz from matrix asset advisers, and our own rick santelli. gentlemen, thanks for joining us. appreciate t.david greenlaw, let me kick this off with you. what are you expecting as we approach the close here as we know that here we are on the day that sequester cuts will take effect? any big surprises, you think, in the next hour? >> i'm not
up 29 right now at 14,084 and change. the old high, all time, is 14,164. nasdaq is up 7 points at 3167. apple has been struggling today, and the s&p right now is up 3.33 at 1517. keep in mind the dow is on pace for its ninth straight gain of a friday meaning it has closed positive every single friday so far in 2013, and it's the first trading day of the month, so finishing in the green can often be a good sign for the entire month. are we grasping at straws here, maria? >> a lot of...
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Mar 26, 2013
03/13
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tell us about this change. >> that's right, bill. we really went full bore on it in mid-november, and happily been long ever since, until midend of last week. i think, i don't think the bull market is dead. but i think the bull market's got some cracks in it. i'm really concerned that wall street is falling over itself to get, to raise targets. it's a race to who could be the most bullish on wall street. that bothers me. the semi-conductors are really falling on their sword a little bit. i'm concerned about that. high-yield bonds were the leader the whole rally. all of a sudden, they've been somewhat dormant. and let's not forget emerging markets. no one's talking about that emerging markets are actually down on the year. i've got some concerns in the short-term. i think this is all part of a big topping process that's going to take place over the second quarter. >> jeff, would you weigh in on that, please? i know there were two, perhaps i should have given you the red flag question. there are two things you're watching out of ten, b
tell us about this change. >> that's right, bill. we really went full bore on it in mid-november, and happily been long ever since, until midend of last week. i think, i don't think the bull market is dead. but i think the bull market's got some cracks in it. i'm really concerned that wall street is falling over itself to get, to raise targets. it's a race to who could be the most bullish on wall street. that bothers me. the semi-conductors are really falling on their sword a little bit....
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Mar 7, 2013
03/13
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he's not changing his tune though at all. >> yeah. joining us on the phone from thailand marc faber, managing director of marc faber limited. he's publisher the "gloom, boom and doom" report. marc, good evening, good morning wherever you are? >> good morning for me, thank you. >> thanks for joining us. >> and thank you very much for the very kind introduction. >> well, plenty of people, you're not alone, have been saying they expect the u.s. stock market to go lower. they expect gold to go higher. in your view why hasn't that trade worked out yet? >> well, first of all, since the year 2000 when some people in media organizations were touting stocks, gold has way outperformed stocks. in recent months it is true that stocks have performed better than gold, but it's a different risk profile. secondly, i'd like to just remind you and your viewers. today is march 777, 2013. march 6, 2009, exactly four years and one day ago the markets bottomed up. we're up very substantially. >> right. >> i think investors today are rushing to stocks to be
he's not changing his tune though at all. >> yeah. joining us on the phone from thailand marc faber, managing director of marc faber limited. he's publisher the "gloom, boom and doom" report. marc, good evening, good morning wherever you are? >> good morning for me, thank you. >> thanks for joining us. >> and thank you very much for the very kind introduction. >> well, plenty of people, you're not alone, have been saying they expect the u.s. stock market...
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Mar 12, 2013
03/13
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culture change, she never got to see a turnaround at google. and now she's a culture change ceo. that's tough. she needs a lot of support and help from a board. >> well, you have successfully helped turnaround six companies. what advice do you give her, taking on these two roles of leading a public company, first time she's doing that, as well as trying to do a turnaround? >> i would say, the biggest thing that hurts ceos is lack of self-awareness. so number one, she has to work very hard at knowing what she's good at and knowing what she's not good at. and what she's not good at, she should surround herself with talent, good people. people who also command respect throughout the organization. then she's got to get the team to work together with a common sense of purpose. everybody has to have one agenda and no self-agenda. if that starts to happen, people see it and then they say, well, we've seen five ceos, but this one is for real. and then they start to follow her. >> fred, good to see you. thank you for your thought. >> we'll see you soon, we're in the final stretch of tradi
culture change, she never got to see a turnaround at google. and now she's a culture change ceo. that's tough. she needs a lot of support and help from a board. >> well, you have successfully helped turnaround six companies. what advice do you give her, taking on these two roles of leading a public company, first time she's doing that, as well as trying to do a turnaround? >> i would say, the biggest thing that hurts ceos is lack of self-awareness. so number one, she has to work...
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Mar 5, 2013
03/13
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as we well know, maria, the imbalances can change when the hour progresses and the poker game changes. >> andres, what do you like? you consider this market still a good value. where do you see the best value right now? >> to your earlier comments, it is going to become a stock picker's market, right? going to become a little tougher just to throw a dart and hope that you hit everything, so you are going to have to look at specific sectors and look at materials, for instance, a group that's hated for the last couple of years, and if you're in the camp like i am that china is going to reaccelerate this growth, sectors like materials, sectors like industrials will do well. >> mike santolli, what do you make of the skepticism that's pervasive in the investor world about these highs? >> i really see a bifurcated psychological breakdown right now. the people who have been involved, the people who invest money for a living, i think they are mostly on board with the bullish story. you've seen that in a lot of the professional sentiment surveys, but there's a real reservoir of skepticism out
as we well know, maria, the imbalances can change when the hour progresses and the poker game changes. >> andres, what do you like? you consider this market still a good value. where do you see the best value right now? >> to your earlier comments, it is going to become a stock picker's market, right? going to become a little tougher just to throw a dart and hope that you hit everything, so you are going to have to look at specific sectors and look at materials, for instance, a...
499
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Mar 27, 2013
03/13
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but the market is changing. what we're seeing is, we're seeing lower cost competitors are getting traction. amazon in the tablet space, google with their nexus phones. asps are coming down. for apple to maintain their margins and to maintain the volume units, they need to keep innovating. and that's a big issue for the company right now. >> how do they, you previously had ranked them the number two brand. has that changed decidedly, given what we've seen from apple or, what happens what we have not seen? >> brands move at a different rate to stock prices. they tend to be less susceptible to risk. they don't move up and down as fast. i think one of the things we have to be clear on here is apple don't play exactly the same game assist everybody else. they're a little bit more like the luxury brand of the market place. so they don't proliferate loads and loads of the different price point models. they do come in with groundbreaking products. i think one of the things that we do need to be careful -- or they need t
but the market is changing. what we're seeing is, we're seeing lower cost competitors are getting traction. amazon in the tablet space, google with their nexus phones. asps are coming down. for apple to maintain their margins and to maintain the volume units, they need to keep innovating. and that's a big issue for the company right now. >> how do they, you previously had ranked them the number two brand. has that changed decidedly, given what we've seen from apple or, what happens what...
635
635
Mar 20, 2013
03/13
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we haven't contemplated changing that. we just put that number in fairly recently. i think at this point, it's still being debated in academic circles, you know, and we'll see what kind of outcome they come up with. but it's an interesting question to try to quantify. there is research, for example, which asks the question, how often do you tend to hit the zero lower bound. and our belief a few years ago is that it was a very rare event, and now it has become more common. so i'm sure there'll be a lot of thinking about this in academic and other circles. >> mr. chairman, ben weill, "congressional quarterly." there's a lot of talk about whether certain institutions are too big to fail, and i wanted to get at a different if related question. in 1980, let's say, there was about -- the financial sector comprised about 5% of the u.s. economy, u.s. gdp. now it's about 9%. i'm wondering if you think that shift is beneficial to u.s. economy? >> i don't think i know the answer to that question. certainly, the financial system has -- i could argue two ways. i could say, well,
we haven't contemplated changing that. we just put that number in fairly recently. i think at this point, it's still being debated in academic circles, you know, and we'll see what kind of outcome they come up with. but it's an interesting question to try to quantify. there is research, for example, which asks the question, how often do you tend to hit the zero lower bound. and our belief a few years ago is that it was a very rare event, and now it has become more common. so i'm sure there'll...
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Mar 19, 2013
03/13
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does the malone investment change that? >> well, you know, we downgraded the stock when the stock hit around $80, well before malone even hinted that he would do something like this. but i think for people who are on the sidelines, this definitely could potentially change your decision. and i think you could see a lot of people grow a lot more constructive on the name. especially since it's just hard to bet against john malone. he is smarter than every media investor out there. >> what are the growth prospects of the entire business? where does the growth come from, would you say, in the next three to five years? >> well, historically, charter has underinvested on the video side. right now it is the fastest growing cable company, it has the best footprint in the industry and the best management team. so i think there's a lot of growth that still -- that we're still seeing over the next two years for charter. >> and you know, barton, you wonder if there are other companies out there that mr. malone might look for. cablevisio
does the malone investment change that? >> well, you know, we downgraded the stock when the stock hit around $80, well before malone even hinted that he would do something like this. but i think for people who are on the sidelines, this definitely could potentially change your decision. and i think you could see a lot of people grow a lot more constructive on the name. especially since it's just hard to bet against john malone. he is smarter than every media investor out there. >>...
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Mar 15, 2013
03/13
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they change the weightings of the stocks. exxonmobil, at&t and pfizer have had very active buyback programs. they'll have stocks to sell at the close. citigroup actually added stocks. they'll have stuff here. >> thank you so much, bob. >> heading towards the close, here we go, 50 minutes left in this trading session. the dow needs a positive close to be at an all-time high and the s&p needs to be only up 1.92 at an all-time closing high. but it's in jeopardy right now. we'll keep an eye on this. >> what did we say yesterday? buckle up. >> that's right. again. >> jpmorgan under the microscope today and on the hot seat on capitol hill. >> let me be clear, jpmorgan completely disregarded risk limits and stonewalled federal regulators. it is unsettling that a group of traders made reckless decisions with federally insured money and that all of this was done with the full awareness of top officials at jpmorgan. >> we're going to take you live to washington and get the latest on this hearing. plus, one of our next guests says jpmor
they change the weightings of the stocks. exxonmobil, at&t and pfizer have had very active buyback programs. they'll have stocks to sell at the close. citigroup actually added stocks. they'll have stuff here. >> thank you so much, bob. >> heading towards the close, here we go, 50 minutes left in this trading session. the dow needs a positive close to be at an all-time high and the s&p needs to be only up 1.92 at an all-time closing high. but it's in jeopardy right now. we'll...
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611
Mar 22, 2013
03/13
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how have the standards changed? >> you know, it has been. and they're pushing for more transparency, regarding what chemicals are used, but where we come in, we eliminate those chemicals almost entirely. we allow these companies, we have technology that allows these technologies in realtime to clean their water, recycle it, and reuse the water. so we're eliminating chemicals and we're also reducing dramaly the trucking that's involved with fracking, because they can reuse the water right on site. so it's been really effective for us. our company is growing very quickly and we're excited about the future. obviously, natural gas is so important to our energy independence, and if we can help solve one problem for the industry, we feel like we can be an important piece of that puzzle. >> you're growing, but you've admitted that there are obstacles to that growth. and one of them is convincing the big energy companies to adopt something new like this. does that mean it's maybe not as cost effective for them as other technologies, the ones that us
how have the standards changed? >> you know, it has been. and they're pushing for more transparency, regarding what chemicals are used, but where we come in, we eliminate those chemicals almost entirely. we allow these companies, we have technology that allows these technologies in realtime to clean their water, recycle it, and reuse the water. so we're eliminating chemicals and we're also reducing dramaly the trucking that's involved with fracking, because they can reuse the water right...
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Mar 28, 2013
03/13
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how much does paypal maybe need to change in order to steal some of those customers away? >> well, paypal is still way outfront, jon, as you know. and at south by southwest two weeks ago, we launched our new developer platform, including the mobile payments library. and what that enables developers and merchants to do is to bring paypal's mobile capabilities into their mobile apps, seamlessly and easily. and give consumers choice. they'll be able to pay and sign up to pay just by flashing a credit card, you know, taking a picture with your smartphone, a picture of your smartphone, and boom, you've created an account, and boom, you can pay right there. so it's still early days in this, and paypal's got a lot of innovation, both at the small end, and then, as you know, at the larger end of retailers and large retailers, globally. >> talk to me about the global picture, in fact. perfect segue, thank you for that. >> happy to help, sue. >> specifically as it refers to china. ali baba has had a significant presence in china. is that a market that you think that you can aggressi
how much does paypal maybe need to change in order to steal some of those customers away? >> well, paypal is still way outfront, jon, as you know. and at south by southwest two weeks ago, we launched our new developer platform, including the mobile payments library. and what that enables developers and merchants to do is to bring paypal's mobile capabilities into their mobile apps, seamlessly and easily. and give consumers choice. they'll be able to pay and sign up to pay just by flashing...
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Mar 13, 2013
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of changes within the catholic church. >> mary, you know, there was some debate early on, basically about whether or not they were going to go with a younger candidate for, who would be the pope for a longer period of time, which would give him the chance to rebuild the church, to grow the church, to set out his mission and complete his mission. yet the other side of the coin was, that they wanted an older pope that had more pastoral experience, and also, more global experience. so to bill's point, i wonder if they compromised a little bit on the age issue, in order to get the growth side of the equation. >> it could certainly be one of the reasons. of course, you know, we will see, in the coming hours, i'm sure we'll hear more and more about what happened. but here's just a couple of pieces of information. i'm struck, i'm getting some information on him as we go. there is a description of him, saying he is a man of great simplicity, who can often be found walking the streets of buenos aires to meet and talk with his people. in conversation, cardinal bergoglio is critical of the pol
of changes within the catholic church. >> mary, you know, there was some debate early on, basically about whether or not they were going to go with a younger candidate for, who would be the pope for a longer period of time, which would give him the chance to rebuild the church, to grow the church, to set out his mission and complete his mission. yet the other side of the coin was, that they wanted an older pope that had more pastoral experience, and also, more global experience. so to...
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Mar 4, 2013
03/13
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i don't think it's going to change lending. it may change the mix of bank size in the market and who's lending. but i don't think it's going to dry up or decrease lending. >> speaking with a high level executive, i'm going to be coy about this because he didn't want to be named. in a financial business, it's not a big bank but he knows that industry well. we were talking about your bill. and he said the problem with too big to fail bills to break banks up is you're not doing this on an international level. because bank bs compete on an international platform. and when you -- if you try to break up u.s.-based big banks, then they lose their ability to compete internationally. what about that? >> well, a couple things. first of all, we can't -- congress can't pass laws that will have international impact. but the united states can certainly lead. secondly, when you really compare apples to apples and have the same accounting systems, the evidence is that our megabanks are even much larger than european ones on average. so i think
i don't think it's going to change lending. it may change the mix of bank size in the market and who's lending. but i don't think it's going to dry up or decrease lending. >> speaking with a high level executive, i'm going to be coy about this because he didn't want to be named. in a financial business, it's not a big bank but he knows that industry well. we were talking about your bill. and he said the problem with too big to fail bills to break banks up is you're not doing this on an...
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Mar 11, 2013
03/13
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that picture really hasn't changed. equity prices are merely capitalized future profits. we've had a spectacular rally. granted, stocks were probably cheap last summer. we've pretty much discounted all of that now. unless we see a real acceleration of economic activity, stock prices are getting pretty close to what we think is near term fair value. we want to be cautious here. no need to chase this thing. we think there's a correction in the offing and we want to be ready for it. >> how do you be ready for that correction? when you say the value ations are getting up there, what would be your measure? price to earnings ratios? 15? what's the number? what's the magic number that feels expensive to you? >> really, anything in the mid teens. on a long-term basis is in our view pretty close to fair value. at this juncture, we've got a trading range on the market, 15.7 is our upside for the s&p, we're fairly close to that now. that to us on normalized profits looks to be about where we ought to be for this time in the economic psych tell. we're not wanting to chase this. >> wh
that picture really hasn't changed. equity prices are merely capitalized future profits. we've had a spectacular rally. granted, stocks were probably cheap last summer. we've pretty much discounted all of that now. unless we see a real acceleration of economic activity, stock prices are getting pretty close to what we think is near term fair value. we want to be cautious here. no need to chase this thing. we think there's a correction in the offing and we want to be ready for it. >> how...
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600
Mar 25, 2013
03/13
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who would ever think how quickly a sports team can change or political election. most importantly in stocks. this thing has gone from 60 down to almost 11. this move to 22, we think it's got leg. we think it's going up 25, 26. >> we'll give you props. you called for this earlier this year. we'll point that out. >> thank you. >> good job on that. abigail, what to you think? fundamentally, richard schultz, is it good he's coming back? >> i think it's a sell on the news type of event. i think while it's positive his 20% in the company is less likely to be sold, i think that it does not change the fact this company has a very difficult turnaround ahead of itself. it's playing in a low growth space with very price transparent products. that sort of commodity like aspect to its business does not give it a lot of flexibility to make a turnaround. you can only close so many stores, cut so many people. it's really hitting the bottom line. if you look two years ago this company put up 364 in the bottom line for the year expected to be reported next february, they're looking
who would ever think how quickly a sports team can change or political election. most importantly in stocks. this thing has gone from 60 down to almost 11. this move to 22, we think it's got leg. we think it's going up 25, 26. >> we'll give you props. you called for this earlier this year. we'll point that out. >> thank you. >> good job on that. abigail, what to you think? fundamentally, richard schultz, is it good he's coming back? >> i think it's a sell on the news...
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522
Mar 18, 2013
03/13
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can rules about depository insurance change over the course of a weekend? i think the size of cyprus right now, what it represents directly is not a threat. we're assessing. but if this is contained in some broader bailout oriented scheme, i think it could be something weathered by the markets. that said, the rule of law being brought into question is not a good thing. >> steve sacks, are you seeing a reaction in some of the european etfs out there? or are you seeing the same kind of money mentality going into exchange traded funds? what are you seeing out there? >> maria, it's really the same reaction we're seeing in broader equities today. you know, basically an overreaction. you know, we saw higher volumes in volatility spike on the open this morning with that gap lower. we've seen volumes in money flows just sort of steady out throughout the course of the day. obviously a lot of talk this morning on wall street about, you know, what happened over the weekend, you know, with cyprus. at the end of the day i think the market pretty quickly discould wanted
can rules about depository insurance change over the course of a weekend? i think the size of cyprus right now, what it represents directly is not a threat. we're assessing. but if this is contained in some broader bailout oriented scheme, i think it could be something weathered by the markets. that said, the rule of law being brought into question is not a good thing. >> steve sacks, are you seeing a reaction in some of the european etfs out there? or are you seeing the same kind of...
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596
Mar 21, 2013
03/13
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we'll talk about that, his decision to buy an oil refinery, and some major changes to your sky miles frequent flyer program. that and much more coming up on this most important hour of the trading day. ♪ ♪ i don't want any trouble. i don't want any trouble either. ♪ [ engine turns over ] you know you forgot to take your mask off, right? [ siren wailing in distance ] ♪ [ male announcer ] introducing the all-new beetle convertible. now every day is a top-down day. that's the power of german engineeri >>> welcome >>> welcome back. we have breaking news on cyprus right now. we want to get michelle caruso-cabrera. she's on the phone live from cyprus. what can you tell us? >> reporter: the head of the central bank of this country is urging parliament to pass a new law that would give him the ability to wind down one of the troubled banks in this country. this is a signal of the solution that they're finally going to try to seek in terms of getting out of this crisis. right now, he doesn't have the authority to shut down one of the banks, which is pretty odd. most countries, the cen
we'll talk about that, his decision to buy an oil refinery, and some major changes to your sky miles frequent flyer program. that and much more coming up on this most important hour of the trading day. ♪ ♪ i don't want any trouble. i don't want any trouble either. ♪ [ engine turns over ] you know you forgot to take your mask off, right? [ siren wailing in distance ] ♪ [ male announcer ] introducing the all-new beetle convertible. now every day is a top-down day. that's the power of...
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Mar 13, 2013
03/13
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the only number we're watching right now is the change on the dow. if it remains green, we get a new all-time high right now. in fact, the dow is the laggard of the three major averages. the nasdaq and s&p percentage wise have better gains than the dow right now. and you might think, albert free, that the market, in honor of the new pope, would go cardinal red at the end, but we're going to remain green. how long do you stay with it? do you buy protection? >> i would be buying protection if i'm going to spend money. i would not want to create any new long positions in a market like. as i said last friday, i didn't want to go home long. you've got an opportunity to buy monday and that was it. the money on the sidelines, whether it's coming out of bonds, if you don't believe it, that's fine. but the money not going into bonds, is sitting on the sideline. every time this market dips, money is coming in. that trend is going to break, i believe, eventually, but right now i wouldn't create any new positions, but i would have some protection. >> we have tal
the only number we're watching right now is the change on the dow. if it remains green, we get a new all-time high right now. in fact, the dow is the laggard of the three major averages. the nasdaq and s&p percentage wise have better gains than the dow right now. and you might think, albert free, that the market, in honor of the new pope, would go cardinal red at the end, but we're going to remain green. how long do you stay with it? do you buy protection? >> i would be buying...
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Mar 19, 2013
03/13
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again, a lot can change. look at the vix, this is the second day we have seen a jump in the volatility index. yesterday up 20%, so what does that tell you? more nervousness in the market today and yesterday as well. the dow transports hit an all-time high but they have been moving slightly lower since that market was hit earlier in the trading session. here is the question for all of you, should you be buying the names now? let's bring in ceo of hodges capital with a look at all of these. we have to start with what is happening in washington with u.s. airways, the airline sector hot or not when it comes to buying into the sector right now. >> we like the airline sectors for a couple of years now. i am the first to realize we're in the minority. you ask 100 people, 100 investors what they like to buy an airline, 99 would say no. you rent them, you trade them, but you don't own them. they have changed the business model to where they are running much smaller as businesses, profit centers now charging for everyt
again, a lot can change. look at the vix, this is the second day we have seen a jump in the volatility index. yesterday up 20%, so what does that tell you? more nervousness in the market today and yesterday as well. the dow transports hit an all-time high but they have been moving slightly lower since that market was hit earlier in the trading session. here is the question for all of you, should you be buying the names now? let's bring in ceo of hodges capital with a look at all of these. we...
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Mar 14, 2013
03/13
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that would change the game for equity players. >> reporter: the whole game has changed. you used to get a weak dollar and then see the dow jones industrial average go hire. they thrived when the greenback is weak. that's not the case. it is up 4%. the dow has been going up. it is one of those environments where you have to throw all of the old indicators. cheryl: we have you. all right. thank you. a pullback in some point. a mixed call for smart phone makers today head of samsung's launch of its newest android iphone. a i just said iphone. iphone. tonight nicole on the floor of the new york stock exchange. what i'm carrying right now. >> reporter: i know what you mean. almost becomes program in your brain. we are waiting for the samsung launch. that is the big deal, at least the big deal of the day. one of the features that we are getting, glenn said may be included as is i scrolling. if you have the phone, i'm not sure if i can scrawl your phone. you may be able to scrub your own phone. when you take a blackberry, apple, samsung kind you don't talk individual stocks. wh
that would change the game for equity players. >> reporter: the whole game has changed. you used to get a weak dollar and then see the dow jones industrial average go hire. they thrived when the greenback is weak. that's not the case. it is up 4%. the dow has been going up. it is one of those environments where you have to throw all of the old indicators. cheryl: we have you. all right. thank you. a pullback in some point. a mixed call for smart phone makers today head of samsung's launch...
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Mar 20, 2013
03/13
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that may be changing. looks like we have someone stronger economic data recently because, perhaps, the fiscal policy environment is settling down a little bit. but just to use a very simple example, everybody has heard about this xl pipeline that the canadian company wants to build across the board. the fed can't permit that pipeline. it would be creating jobs. jobs that will be created are there. cheryl: have been bernanke could go over to congress and walked down the street and put the policy in place himself you would. he has been very vocal in his frustration with our nation's leaders. william poole, a former st. louis federal reserve bank president. very interesting talking points. we appreciate your time. >> good to be with you. cheryl: the closing bell will ring. we are almost done. sixteen minutes to go, and the dow, up 82 points. so approaching session highs. the dow is up more than 10% for the year. s&p is up about 9% so far for the year. curious if the decision to keep pouring money from the fed
that may be changing. looks like we have someone stronger economic data recently because, perhaps, the fiscal policy environment is settling down a little bit. but just to use a very simple example, everybody has heard about this xl pipeline that the canadian company wants to build across the board. the fed can't permit that pipeline. it would be creating jobs. jobs that will be created are there. cheryl: have been bernanke could go over to congress and walked down the street and put the policy...
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Mar 1, 2013
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a new ride comes along and changes everything. the powerful gs. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. >>> how many times have you heard this line? i'm leaving to spend more time with my family. it's an old standby used any time a position of power is ousted from his perch and yesterday richard mason ripped up the proforma resignation letter and got canned. where mason ranks in the resignation letter hall of fame. jane? >> reporter: you know what should be banned, saying you're leaving to pursue other opportunities. well, duh. that's because you got fired. at least andrew mason said, quote, i'm looking for a good fat camp. joins a special camp of those who have gone out in style like jetblue flight attendant steven slater or this hotel worker who hired a marching band. >> all of you out right now. >> i'm here to tell you that i'm quitting. >> one, two, three, four. ♪ >> reporter: this is classic. this video has gotten nearly 4 million hits and merck product di
a new ride comes along and changes everything. the powerful gs. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. >>> how many times have you heard this line? i'm leaving to spend more time with my family. it's an old standby used any time a position of power is ousted from his perch and yesterday richard mason ripped up the proforma resignation letter and got canned. where mason ranks in the resignation letter...
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Mar 12, 2013
03/13
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it is changing the landscape and it's changing it for the better, helping this economy grow. these are good, high-paying jobs with great benefits coming in this industry. >> is that the way you see it? >> i think those comments are spot-on. you know, there's an opportunity to generate a couple of trillion dollars in tax revenue over the next 20 years. there's an opportunity to generate millions of additional jobs. all we have to do is have a regulatory environment that allows development to take place. we have to have a fiscal system in place, instead of thinking about imposing punitive taxes on our industry. and we need to have an environment that gives us the permits that we need to produce. >> well, it's an interesting point. because, you know, it's the same idea as we're seeing in the gulf. the regulatory environment and the lack of permitting that everyone is waiting for has stopped or slowed down production. let me ask you about that. what, specifically, in terms of the regulation out there, is hurting or slowing things down? >> well, what we'd like to see is more acrea
it is changing the landscape and it's changing it for the better, helping this economy grow. these are good, high-paying jobs with great benefits coming in this industry. >> is that the way you see it? >> i think those comments are spot-on. you know, there's an opportunity to generate a couple of trillion dollars in tax revenue over the next 20 years. there's an opportunity to generate millions of additional jobs. all we have to do is have a regulatory environment that allows...
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Mar 6, 2013
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things change over time and what's changed over the last three years, not only retail investors which i don't hold a lot of credibility to, really sustained earnings growth, really good companies making money. still don't like the economy but i like the stock market. >> everybody agree. do you worry about revenue growth, anybody else out there? >> maria -- >> revenue -- >> what i disagree with and worry about is the consumer. not people are putting weight. what about the e-mail we hear from walmart. is that totally out of window. i want to see how the corporations are doing with a consumer getting their paycheck cut and spending more money at the gas pump. i realize the market is at new highs and that's great. over the last three years, and it continues to go up. there are better opportunities to buy, and we will see a better opportunity to put money to work this year. >> rob? >> yeah, maria, i think if you look at the third quarter last year, we're going to call that probably a trough in earnings. we had no earnings growth and back to your point about revenues, revenues very bad for
things change over time and what's changed over the last three years, not only retail investors which i don't hold a lot of credibility to, really sustained earnings growth, really good companies making money. still don't like the economy but i like the stock market. >> everybody agree. do you worry about revenue growth, anybody else out there? >> maria -- >> revenue -- >> what i disagree with and worry about is the consumer. not people are putting weight. what about the...
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Mar 11, 2013
03/13
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but robert says things have changed. paul, make the case. >> listen, we all invest in technology for obvious reasons. technology are on the cutting edge of the economy and they have usually astronomical growth rates. by the time they start paying divide dividends, they're more mature, many move from growth to value. and frankly, i don't think you're rewarded for the risk you take. just look at something like microsoft and intel. we heard how much they are he's paying in dividends. you go back to '08, they were obliterated during the bear market. 50% to 70%. so if they paid a 2% dividend, that's very little consolation when your principal is more than cut in half in a short period of time. >> right. so robert, if you invest in tech right now for dividends, are you expecting to lose money on the stock return? >> i think it's a unique situation today where technology when you look at it today compared to other sectors in the s&p that you might normally look at to pay dividends like let's say staples for example, this is a s
but robert says things have changed. paul, make the case. >> listen, we all invest in technology for obvious reasons. technology are on the cutting edge of the economy and they have usually astronomical growth rates. by the time they start paying divide dividends, they're more mature, many move from growth to value. and frankly, i don't think you're rewarded for the risk you take. just look at something like microsoft and intel. we heard how much they are he's paying in dividends. you go...
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Mar 14, 2013
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have they changed at all from their current status? >> well, look, they're changing right now, that in conservatorship, we're winding down the assets that they came into conservatorship with. the question, really, is what do we do right now to help homeowners who, through no fault of their own, are underwater, but their paying their bills and they need to refinance. we're going to need legislation to do that. we need to open up opportunities for american families to get the benefit low interest rates and refinance their mortgage. >> would you as secretary, could you foresee yourself approving using taxpayer funds to bail out a major bank? >> the purpose of dodd/frank was to protect taxpayers from ever being left holding the bill. i'm committed to implementing dodd/frank and make sure we keep that promise. we have to finish the law. i'm committed to using the authority that i have to drive that process forward. and we always have to ask the question, are we dealing with the challenges of the moment? the real problem that we saw in 2008/
have they changed at all from their current status? >> well, look, they're changing right now, that in conservatorship, we're winding down the assets that they came into conservatorship with. the question, really, is what do we do right now to help homeowners who, through no fault of their own, are underwater, but their paying their bills and they need to refinance. we're going to need legislation to do that. we need to open up opportunities for american families to get the benefit low...
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Mar 29, 2013
03/13
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of course, these schedules too often change. once again, for his second out of town trip come out of the country, jack lew, the treasury secretary, going to europe. 20,131st quarter in the bucks. cheryl is right here live to wrap up the biggest winners and losers on the s&p. these names are interesting. cheryl: hey there, stranger. a wanted to show you a couple of things. first, the s&p 500 took a few sessions to break the all-time high. you know it on the show very well. we ended the trading session last night, 1569. obviously a big story, but you're some of the big names and actually moved. as you looked at the s&p overall. and really, the big story everyone, netflix. the stock might have closed down last night, but in 104% in the first three months of 2013. one of the big surprises, frankly. stick a look at best buy. i don't know why liz is not joining me to come over and drop on things because -- i don't know what you're doing over there. look at this. my favorite thing to do is to draw on the one touch. there you go. there
of course, these schedules too often change. once again, for his second out of town trip come out of the country, jack lew, the treasury secretary, going to europe. 20,131st quarter in the bucks. cheryl is right here live to wrap up the biggest winners and losers on the s&p. these names are interesting. cheryl: hey there, stranger. a wanted to show you a couple of things. first, the s&p 500 took a few sessions to break the all-time high. you know it on the show very well. we ended the...
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Mar 8, 2013
03/13
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think ben bernanke's term expires in early 2014, and my own personal opinion, these programs won't change until he's gone and maybe not until after he's gone, i don't know. 21 basis points what ten-year yields run on the week. of course, we all talk about how that 85 billion of qe is positive for stocks, but there's still a pulse on some level of interest rates, and i know that some very large bond managers were tweeting today, probably a good time to start considering buying treasuries. i can't disagree with that. i think that it is just unrealistic to think that we're going to get some big tipping effect with the fed's purchase program at this level and at this point in time so, you know, seeing both markets move up together, rates and stocks, was very reminiscent for me. that's the way it's supposed to work, but it won't be working this way for very much longer. >> brian, what do you think? where are you on this market ral? >> well, i think we have a lot of room to go here over the course of the year. there's a lot of retail money still on the sidelines. i think they have just begun to
think ben bernanke's term expires in early 2014, and my own personal opinion, these programs won't change until he's gone and maybe not until after he's gone, i don't know. 21 basis points what ten-year yields run on the week. of course, we all talk about how that 85 billion of qe is positive for stocks, but there's still a pulse on some level of interest rates, and i know that some very large bond managers were tweeting today, probably a good time to start considering buying treasuries. i...
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Mar 22, 2013
03/13
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as the process of bringing these companies process change dramatically or changed at all? >> inhabits. the market has been working to find a clearing price where companies realize investors must make positive returns beyond the first day. so facebook was sort of the thing where investors -- it was such a plot. every ipo since then -- it was discounted enough to meet the kind of return that investors want. we ended up having a tumultuous dealing in 2012. connell: speaking of which, we started off with the play of your bracket. if you want to talk about the top ones, we have a list of that as well. if you look at these companies, 71, 50, 60% since their ipo. such an interesting business in and of itself. one of those companies becoming public. what is leading to the strong performance? i think that that is pretty incredible to see that performance. >> all these companies have growth associated with it and they are priced well. so they have traded out. when they are priced well, i think investors are looking for an sizable companies with growth. if they are not sizable, the e
as the process of bringing these companies process change dramatically or changed at all? >> inhabits. the market has been working to find a clearing price where companies realize investors must make positive returns beyond the first day. so facebook was sort of the thing where investors -- it was such a plot. every ipo since then -- it was discounted enough to meet the kind of return that investors want. we ended up having a tumultuous dealing in 2012. connell: speaking of which, we...
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Mar 25, 2013
03/13
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cyprus, does it change your attitude of the u.s. market investing in stocks, per se? >> we have a fund that focuses on the domestic economy. things are good here. liz: let's talk about that. look at the chart, it is up 28% over the past year. obviously benchmark up 14.3%, more than doubled. when it comes to picking stocks, give us some categories were some metrics of how you pick stocks. >> we were looking for cheap things. some of them aren't making money. they're usually a problem, but what we are looking for as importantly these things can get better over the next year and a half, two years. if you can find situations you think they will correct, you can make a lot of money. liz: these are the next big things you really like right now. >> what they are able do is pretty simple, borrow money at very low rates and good properties with good occupancy. shortage in some cities so it is helpful to their return. liz: let me stick with that, goldman sachs downgraded this one. >> we like when people cover our stuff, so getting it downgraded its pretty rare for us. liz: and
cyprus, does it change your attitude of the u.s. market investing in stocks, per se? >> we have a fund that focuses on the domestic economy. things are good here. liz: let's talk about that. look at the chart, it is up 28% over the past year. obviously benchmark up 14.3%, more than doubled. when it comes to picking stocks, give us some categories were some metrics of how you pick stocks. >> we were looking for cheap things. some of them aren't making money. they're usually a...
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Mar 28, 2013
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liz: your fund is beating the s&p, up 19% year over year versus 13 and change percent for the s&p. i want to get to the names you pick. the biggest holdings, these are different. you got -- in essence r you focus on agriculture, something that maybe works into the stacking by stocks in states. cabellas, c-a-b, talk about this one. >> okay. as you stated, we like the agriculture community, the rural community has a lot of cash flow coming in from increased crops and farm income, but also from fracking, and so how are those rural communities able to spend that discretionary income? you know, it costs a lot to put bricks and mortar in a variety of location, and what best way to tap that is through catalog companies, and there's an upscale fishing and hunting outdoor environment. liz: 15% of the float shorted. i love pointing that out. tractor supply company, t-s-c-o, and maybe we throw them in together, lindsey corporation, l-i-n-n, and that's up 17. >> we ride those names for a good while now. tractor supply growing leaps and bounds in the community involved in the bricks and mortar
liz: your fund is beating the s&p, up 19% year over year versus 13 and change percent for the s&p. i want to get to the names you pick. the biggest holdings, these are different. you got -- in essence r you focus on agriculture, something that maybe works into the stacking by stocks in states. cabellas, c-a-b, talk about this one. >> okay. as you stated, we like the agriculture community, the rural community has a lot of cash flow coming in from increased crops and farm income,...
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Mar 19, 2013
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a new ride comes along and changes everything. the powerful gs. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. >>> 30 >>> 30 seconds on the clock for each guest. dean from brook stone capital management. dan from channing capital markets and dan hill from freedom financial group. gentlemen, good to see you. dean, what do you want to be prepared for tomorrow? >> thanks, maria. of course, all eyes are going to be on the fed. any good news coming from the fed may be bad news for the economy as it may price in the potential for diminishing qe activity in the future. this market is supremely addi addicted to the accommodative policy the fed has been pursuing. fedex announces earnings tomorrow. normally a great barometer for economic activity and potentially a market mover. >> dan? >> yes, certainly aside from the fomc, we're watching some earnings releases. also, oracle comes in after the close. general mills before the open. these aren't huge movers in terms of contributors
a new ride comes along and changes everything. the powerful gs. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. >>> 30 >>> 30 seconds on the clock for each guest. dean from brook stone capital management. dan from channing capital markets and dan hill from freedom financial group. gentlemen, good to see you. dean, what do you want to be prepared for tomorrow? >> thanks, maria. of course, all...
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Mar 18, 2013
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because this doesn't change profits or dividends. but it shows that investor behavior are affected by emotions such as a sporting defeat. because investors want to make rational decisions during a period such as march madness they should stay away. >> what's your rationale? during period of exciting tournaments and sporting events, people have knee netwojerk reac or what? to what do you attribute this finding? >> so we attribute this finding to the negative impact a sporting defeat has on investor mood. i know in theory the stock market should be driven by profits and dividends. but the people who trade stocks are not compute r. they're human beings. they're affected by emotions. when england lost to argentina in the 1998 world cup heart attacks went up over the next few days. this is something that can translate into stock market behavior. >> let's find out what matt sees when he's on the floor of the exchange. you're here on the floor when games are being played. what's the atmosphere like? do you buy into the study? >> it's funny
because this doesn't change profits or dividends. but it shows that investor behavior are affected by emotions such as a sporting defeat. because investors want to make rational decisions during a period such as march madness they should stay away. >> what's your rationale? during period of exciting tournaments and sporting events, people have knee netwojerk reac or what? to what do you attribute this finding? >> so we attribute this finding to the negative impact a sporting defeat...
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Mar 5, 2013
03/13
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we're going through a secular change in the economy. we're going through a major energy change. manufacturing is coming home. technological innovation and in turn housing, and i agree with jim, are the big positive surprises that overshadow what anybody else might be talking about. >> all right. we'll leave it there. gentlemen, great conversation. thank you so much. very interesting and important insights from all of you. appreciate it. the rally took many by surprise, but not viewers of the "closing bell." bob predicted that on this program that we would make a new high in the quarter. he's up next. later a person whose name and capitalism go together. steve forbes weighs in on how long the party on wall street may last, and before the commercial breaks today, we'll give you mini history lessons. don't worry. no quizzes here, but it was october '07 the last time the dow made an all-time high. what topped the music charts back then? it was "crank that" by soldier boy toppinging the top 100 chart. neil and buzz: for proving there's nowhere we can't go. but, at some point... giant
we're going through a secular change in the economy. we're going through a major energy change. manufacturing is coming home. technological innovation and in turn housing, and i agree with jim, are the big positive surprises that overshadow what anybody else might be talking about. >> all right. we'll leave it there. gentlemen, great conversation. thank you so much. very interesting and important insights from all of you. appreciate it. the rally took many by surprise, but not viewers of...
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Mar 27, 2013
03/13
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you look today at the blackberry up about one and change% here today. i look at that and i say this could be a good day. >> expectations on his company are so low, even if they come in with a little bit of bad news, there's going to be a bit of a short squeeze. liz: we put together the market share last year. library does not rank on it anymore considering last i saw they had 70 million customers some of these names would kill for. samsung up 7% year-over-year. apple 22%. sony has about 4%. i am keeping my eye on the japanese company. one of the value phone names. when you look at these aspects of what is going on, what you think is the number to watch? is it the price that you say i will sell? would you start buying these at a certain price? >> there is a fair value around $10. i honestly would not look at the value until the stock was below that point. blackberry globally is down to about 3% or below in terms of market share and the point i was making earlier if they have to get this new operating system out on lower form factor, lower price point int
you look today at the blackberry up about one and change% here today. i look at that and i say this could be a good day. >> expectations on his company are so low, even if they come in with a little bit of bad news, there's going to be a bit of a short squeeze. liz: we put together the market share last year. library does not rank on it anymore considering last i saw they had 70 million customers some of these names would kill for. samsung up 7% year-over-year. apple 22%. sony has about...
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Mar 15, 2013
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what's changed a little bit, consumer's balance sheets have improved. so their debt's down. >> and that credit recovery is helping to offset rising mortgage rates. maria? >> okay, diana, thank you so much. what does that mean for the nation's housing industry and the nation's housing chief, and where we're headed. joining right now is the secretary of housing and urban development, shaun development. secretary, good to have you on the program. >> great to be with you, maria. >> i want to get your take of what alan greenspan said earlier on cnbc. he was on earlier today and spoke the housing market. >> home ownership rates are still at the bottom of the recent decline. i'm almost certain, however, they have already turned up and i'm reasonably certain that the rise in home prices has generated a very significant and important rise in home equity. meaning the equity of homes, which has basically moved a lot of underwater mortgages into positive ground. >> you agree with that? >> absolutely. in fact, just last week, the fed released data that showed that $
what's changed a little bit, consumer's balance sheets have improved. so their debt's down. >> and that credit recovery is helping to offset rising mortgage rates. maria? >> okay, diana, thank you so much. what does that mean for the nation's housing industry and the nation's housing chief, and where we're headed. joining right now is the secretary of housing and urban development, shaun development. secretary, good to have you on the program. >> great to be with you, maria....
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Mar 7, 2013
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>> i think great point, so to me two things need to change in europe. one is rates need to come down, and then two is the currency needs to go lower. i do believe countries like spain, if you look at their wages, they have got -- have become much more competitive. exports are growing as a percentage of gdp but you need macro tailwinds and that's what i focus on. clear to me real rates are too high and the currency needs to get lower and think about that relative to japan. japan is weak in the yen massively. seen that stimulate the stock market and create wealth for their citizens and ultimately it may stimulate some growth so i would say that there's some positive things happening, but to really get a full-scale recovery, think about asia in 1998 and 1999 when they recovered. what did they do? got their currency cheaper and got competetive and got lean and mean and in countries like indonesia and malaysia did well, and that's what europe wants. we just don't have all the tools in the tool kit. i think they will get there, but we're not there yet. >> it'
>> i think great point, so to me two things need to change in europe. one is rates need to come down, and then two is the currency needs to go lower. i do believe countries like spain, if you look at their wages, they have got -- have become much more competitive. exports are growing as a percentage of gdp but you need macro tailwinds and that's what i focus on. clear to me real rates are too high and the currency needs to get lower and think about that relative to japan. japan is weak in...
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Mar 26, 2013
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in the last half-hour, things have just begun to possibly change. according to charlie gasparino, which aside is it. he is running down here, stay tuned. investor. yeah, i'm a serious investor but i'm a busy guy. it used to be easier but now there are more choices than ever. i want to know exactly what i am investing in. i want to know exactly how much i'm paying. i want to use the same stuff the big guys use. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications lutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the wk. liz: breaki
in the last half-hour, things have just begun to possibly change. according to charlie gasparino, which aside is it. he is running down here, stay tuned. investor. yeah, i'm a serious investor but i'm a busy guy. it used to be easier but now there are more choices than ever. i want to know exactly what i am investing in. i want to know exactly how much i'm paying. i want to use the same stuff the big guys use. find out why nine out of ten large professional investors choose ishares for their...
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Mar 11, 2013
03/13
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FBC
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liz: rick, what would it take for you to get to change your rating to a more positive one? >> it's all about sales. traffic, conversion, then i would have no choice, but i don't see it down the road. and the joe fresh comes in this friday which is march 15th, and i would say that if it doesn't work, jcpenney could have the worst eyes of march since -- ides of march. liz: oh! i want to thank both rick and paul very much. we so appreciate how honest you've been on the stock. we're watching it closely. joe fresh, honestly, we've seen some of that in the editorial pages of vogue. their trying hard. maybe somehow this turns around. paul and rick, great to see both of you. thank you. >>> six minutes before the closing bell rungs, the dow is on track for its fifth straight session of record highs. we're up 40 points right now. the s&p fights to hit a new record. we're not too far on that one. and one stock we don't usually see in the green joining the rally today. i'll tell you who that is after the break. ♪ friday night, buddy. you are gonna need a wingman. and with my cash bac
liz: rick, what would it take for you to get to change your rating to a more positive one? >> it's all about sales. traffic, conversion, then i would have no choice, but i don't see it down the road. and the joe fresh comes in this friday which is march 15th, and i would say that if it doesn't work, jcpenney could have the worst eyes of march since -- ides of march. liz: oh! i want to thank both rick and paul very much. we so appreciate how honest you've been on the stock. we're watching...
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Mar 22, 2013
03/13
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CNBC
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but really, the issue is the stakes have changed. what the bad guys are able to get and how they're able to get it, and therefore, the kind of damage they can cause a company have all gone up over the years. and traditional methodologies, like anti-virus software, really are not well equipped to deal with today's attacks. so those companies are going to need to make some shifts in the coming years to really take, to make sure that they're updating their technology, to protect against these more advanced kinds of attacks. >> and so, what about the opportunities in cybersecurity. in terms of investing, you named a handful of companies there, but is there an area of this business that you think is poised to grow faster than another area? >> well, i do. i think there's going to be a new area around offensive cyber. meaning that it's not going to be good enough that we try and prevent ourselves from attack, but eventually, the government and general alexander, director of the nsa, talked about this last week, where we're going to set up o
but really, the issue is the stakes have changed. what the bad guys are able to get and how they're able to get it, and therefore, the kind of damage they can cause a company have all gone up over the years. and traditional methodologies, like anti-virus software, really are not well equipped to deal with today's attacks. so those companies are going to need to make some shifts in the coming years to really take, to make sure that they're updating their technology, to protect against these more...
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nothing changes on monday. over time, if this is not reversed, we will start to see this in april and start to manifest itself. but in the near term, this is not changing very much. liz: let's look forward to march 27. perhaps that is a more important point. the continuing resolution, that could be a real issue. we are trying not to just look at today. how serious is that if we have a government shutdown? >> if for some reason there is not an extension of the continuing resolution, it would be a major negative for the market and our expectation is he will get some extension. would you lock in these cuts, will some of them be reversed. the one we are sure of is that we will be looking at this for the rest of the year. we have the deadline in march as he said. and whatever resolution you get is only going to last for about six months. it is a few things to look forward to. >> you're looking outside the two countries at the moment that you like investing in. some of our viewers have never thought about putting mon
nothing changes on monday. over time, if this is not reversed, we will start to see this in april and start to manifest itself. but in the near term, this is not changing very much. liz: let's look forward to march 27. perhaps that is a more important point. the continuing resolution, that could be a real issue. we are trying not to just look at today. how serious is that if we have a government shutdown? >> if for some reason there is not an extension of the continuing resolution, it...
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Mar 26, 2013
03/13
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CNBC
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we'll see if that changes in the next few days. guys, back to you. >> leave the sweaters on the shelves and whee'll buy them. >> to go over that easter dress. >>> so the rocketing of orbitz's stock comes as airline stocks have been soaring this year, as global revenues have been projected at $671 billion this year with profits of $10.6 billion. >> so with the airlines flying high in an improving economy, online travel sites should be poised for growth. price waterhouse projects an increase in hotel reservations this year. joining us is orbitz's worldwide ceo, barney harford. he joins us exclusively from chicago. welcome, sir. a pleasure to have you here. >> thank you. >> we're all waiting for spring, very anxiously waiting for spring, what kind of a season do you think it's going to be? >> you know, we're certainly seeing the cold and the winter and flocking to some of the warmer destinations that we offer. if you look at spring break travel, we're seeing some top destinations appearing, orlando, las vegas, cancun, and we're seeing
we'll see if that changes in the next few days. guys, back to you. >> leave the sweaters on the shelves and whee'll buy them. >> to go over that easter dress. >>> so the rocketing of orbitz's stock comes as airline stocks have been soaring this year, as global revenues have been projected at $671 billion this year with profits of $10.6 billion. >> so with the airlines flying high in an improving economy, online travel sites should be poised for growth. price...
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Mar 12, 2013
03/13
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FBC
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closing bell ringing in 26 minutes and change. the fed, look it is obvious, will eventually have to tighten rates. the question is, when will ben bernanke and company do that? what does that mean for your portfolio? and how should you organize your portfolio? charlie is saying short the dow. but guess what, len tannenbaum is the ceo of fifth street finance, he's got some great protection plans. it's a fox business exclusive. ♪ [ female announcer ] from more efficient payments. ♪ to more ficient pick-ups. ♪ wiress is limitless. [ female announcer ] from tracking the bus. ♪ to tracking field condions. ♪ wireless is limitless. ♪ investor. yeah, ibut i'm a busy guy.or it used to be easier but now there are more choices than ever. i want to know exactly what i am investing in. i want to know exactly how much i'm paying. i want to use the same stuff the big guys use. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which include
closing bell ringing in 26 minutes and change. the fed, look it is obvious, will eventually have to tighten rates. the question is, when will ben bernanke and company do that? what does that mean for your portfolio? and how should you organize your portfolio? charlie is saying short the dow. but guess what, len tannenbaum is the ceo of fifth street finance, he's got some great protection plans. it's a fox business exclusive. ♪ [ female announcer ] from more efficient payments. ♪ to more...
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a very dangerous situation that will change tomorrow. anybody who buys stocks here is hoping to sell them higher. liz: i would say to everybody watching right now, that is very true. when you say this team did i ben bernanke and company as far as putting in so much liquidity to prop it up, at some point that will have to fall, is that an inevitability? >> there's no advance of when that will be. all you can know is it is not really healthy, it is dangerous, it may go on for some time, i cannot say. i never dreamed between 2004 2004-2008 the housing bubble would last as long as it did. you can never know how long they will last, but the pressure is on people to buy stocks to keep up with the market. that is the wrong thing to do after everything that has happened in the last couple of years. liz: while we know perhaps highly caffeinated energy drinks aren't really great for our heart, at least over the next couple of hours after you drink it you will have a lot more energy, so why not ride the wave for certain investors. had i listened a
a very dangerous situation that will change tomorrow. anybody who buys stocks here is hoping to sell them higher. liz: i would say to everybody watching right now, that is very true. when you say this team did i ben bernanke and company as far as putting in so much liquidity to prop it up, at some point that will have to fall, is that an inevitability? >> there's no advance of when that will be. all you can know is it is not really healthy, it is dangerous, it may go on for some time, i...
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Mar 27, 2013
03/13
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CNBC
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so it's this change at the margin that matters to the fed. what they talk about is, what is the outlook for the labor market. is it getting better or is it getting worse? most of them expect it to get better. they want to see proof. they want to see the numbers that it actually is getting better. that means there won't be any discussion of pulling back on quantitative easing, for at least another four to five months. but if the world, if the labor market unfolds as they expect, that conversation will be very much on the table, by the fourth quarter. >> greg, what did you make of kocherlokota's comments earlier this morning or this afternoon about the fact that the fed needs to be more aggressive, they're not being aggressive enough. he'd like to see that target unemployment rate at 5.5%. is he just trying to start the conversation around the table at the fed or not? and how many people do you think on the fed would agree with his projections? >> kocherlakota is a very interesting guy. a few years ago, you would have called him the least sympa
so it's this change at the margin that matters to the fed. what they talk about is, what is the outlook for the labor market. is it getting better or is it getting worse? most of them expect it to get better. they want to see proof. they want to see the numbers that it actually is getting better. that means there won't be any discussion of pulling back on quantitative easing, for at least another four to five months. but if the world, if the labor market unfolds as they expect, that...
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Mar 25, 2013
03/13
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change your view at all? >> yeah, i know. harry has been calling for the world to come to an end for a long time. i brought my umbrella. >> what are you, mary poppins? >> i'm going to take off. look, the fact of the matter is we are actually having good news. it's hard for some people to say, really, there's fwood news? you pump $4 trillion in. you don't have the fed pulling its money out which it's not going to do any time soon. you've got to take a look at facts on the ground. we've got $900 billion sitting in money market accounts. heaven forbid if we ever get a multiplier. housing is starting to show a rise. believe it or not the best thing it says to me, we've still got a lot to go, harry, look at large cap growth. pe discount. large cap growth is selling at about 75% of what it should be. guess what? we've got con ed right there in new york selling at almost a 16 pe multiple. are you going to tell me con ed is a better deal right now than maybe an apple or some technology stocks? so very clearly what's happening is the
change your view at all? >> yeah, i know. harry has been calling for the world to come to an end for a long time. i brought my umbrella. >> what are you, mary poppins? >> i'm going to take off. look, the fact of the matter is we are actually having good news. it's hard for some people to say, really, there's fwood news? you pump $4 trillion in. you don't have the fed pulling its money out which it's not going to do any time soon. you've got to take a look at facts on the...
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Mar 21, 2013
03/13
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CNBC
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. >> the number you would get, it changes on a daily basis. >> constantly, constantly. >> down 87 points here. we keep waiting for this correction. do you think we're going to be there at some -- it seems that each time we get this sell-off, somebody comes in to buy it up. >> again, the programs come in and buy it right up. you would like to see a correction, you would like to see this market correct, wash out a lot of things, but i don't think it's going to happen right now. i really don't. i think this market, as long as the feds keep injecting $85 billion a month, it's going to keep drifting up. it's going to leak up, like i say. >> well, it's leaking down right now, alan valdez. thanks for being with us here. we're heading towards the low. at the low of the day, we were down 128 points. right now, down about 88 on the dow jones industrial average. and again, we honor those members of the military who have received the highest award for valor, the congressional medal of honor. they are ringing today's "closing bell." that's it for the first hour. stay tuned now for the second hour of
. >> the number you would get, it changes on a daily basis. >> constantly, constantly. >> down 87 points here. we keep waiting for this correction. do you think we're going to be there at some -- it seems that each time we get this sell-off, somebody comes in to buy it up. >> again, the programs come in and buy it right up. you would like to see a correction, you would like to see this market correct, wash out a lot of things, but i don't think it's going to happen right...